THE FUNCTION OF ACCOUNTING DISCLOSURE IN RAISING STOCK MARKET VALUE AND REDUCING THE CHANCE OF A PRICE COLLAPSE-APPLIED RESEARCH IN A SAMPLE OF IRAQI JOINT STOCK COMPANIES
Main Article Content
Abstract
The goal of the study is to provide light on the importance of data and information disclosed in disclosure models for internal and external parties making financial decisions, as well as how accounting disclosure affects the likelihood of a stock price collapse and how that affects market value. There are two basic arguments that have been put forth: (1) Accounting disclosure prevents Iraqi joint-stock businesses' share values from collapsing, and (2) Accounting disclosure increases the market value of Iraqi joint-stock enterprises. A group of accountants, administrators, and auditors employed by Iraqi joint stock corporations make up the research sample. The study sample was given a questionnaire form, which was then created and disseminated. A number of statistical techniques were then applied to the data analysis process. The study being mindful of the proper disclosure of accounting data as it influences investors' choices in a way that raises the economic unit's market value.
Article Details
This work is licensed under a Creative Commons Attribution 4.0 International License.
References
Abdel Malik, Ahmed Ragab, “Measuring the extent to which transparency and disclosure are achieved in financial reports,” Scientific Journal of Research, Faculty of Commerce, Helwan University, No. 12, 2007.
Al-Khatib, Khaled, Accounting disclosure in the financial reports of public joint-stock companies, Damascus University Journal, No. 2, 2017.
Al-Sadiq, Zakaria Muhammad and Obaid, Ibrahim Al-Sayed, “Measuring the Transparency of Disclosure in Financial Reports,” the Fourth Annual Conference of the Faculty of Commerce, Cairo University, 2007.
Al-Salhi, Vian Saeed, Problems of Measurement and Disclosure in the Unified Accounting System, Master’s Thesis, unpublished, College of Administration and Economics, Saladin University, 2015.
Cathy Beaudoin, Nandini Chandar, Edward M. Werner: “Good disclosure doesn't cure bad accounting Or does it? ”, Advances in Accounting, Volume 27, Issue 1, June 2011, Pages 99-110.
Clodia Vurro, Francesco Perrini: “Making the most of corporate social responsibility reporting: disclosure structure and its impact on performance” Corporate Governance Volume: 11 Issue: 4/ 2011.
David Hershiser, Skew Hong Toed: “Limited attention, information disclosure, and financial reporting “, Journal of Accounting and Economics, Volume 36, Issues 1-3, December 2003, Pages 337-386.
Jawad, Salah Mahdi, The importance of disclosing forecasts of corporate profits and earnings per share in external financial reports, Heritage University College Journal, No. 2, 2012.
Mahmoud Al-Akra, Ian A. Eddie, Muhammad Jahangir Ali: “The influence of the introduction of accounting disclosure” The British Accounting Review, Volume 42, 2010, Pages 170-186 .
Mama A.G. Hassan, Peter Rosily, Gianluigi Giorgioni, David Power: “The value relevance of disclosure”, The International Journal of Accounting, Volume 44, Issue 1, March 2009, Pages 79-102.
Matar Ahmed Muhammad Matar, Evaluating the level of actual disclosure in the published financial statements of Jordanian public shareholding companies in light of the disclosure rules stipulated in the Principles of International Accounting, Derasat Journal, Volume 20, Issue 2, University of Jordan, 2013.
Moir, Jane South China Morning: “Alarm rings on auditor changes; Concern over disclosure disagreement over fees for switching accountants” Post [Hong Kong] 23 Feb 2004.
Omneya H. Abdel Salam, Pauline Weitzman: “Measuring Accounting Disclosure in a Period of Complex Changes”, Advances in International Accounting, Volume 20, 2007, Pages 75-104.
Omneya H. Abdel Salam, Pauline Weitzman”, Advances in International Accounting, Volume 20, 2007, Pages 75-104.
Philip G. Berger: “Challenges and opportunities in disclosure research—A discussion ”, Journal of Accounting and Economics, Volume 51, Issues 1-2, February 2011, Pages 204-218.
Qingyuan Li, Tideline Wang: “Financial reporting quality and corporate investment efficiency: Chinese experience”, Naskapi Business Review International Volume: 1 Issue: 2/ 2010.
Tawfiq, Muhammad Sharif, measuring presentation and disclosure requirements and evaluating their availability in joint-stock companies and the general presentation and disclosure standard in the Kingdom of Saudi Arabia, Journal of Public Administration, No. 61, 2009.
Walid Abdullah: “Testing the evolving efficiency of Arab stock markets Original Research Article”, International Review of Financial Analysis, Volume 19, Issue 1, January 2010, Pages 25-34.